News
Douglas Lake Minerals Defines Several Potential Gold Targets to the East of Magambazi Hill
Press Release Source: Douglas Lake Minerals Inc. On Monday August 15, 2011, 8:00 am EDT
VANCOUVER, BRITISH COLUMBIA--(Marketwire -08/15/11)- Douglas Lake Minerals Inc. (the "Company" or "Douglas Lake") (OTC.BB: DLKM.OB - News) is pleased to provide an update on the exploration activity on one of the Company's four PL's (PL6743/2010) to the east of Magambazi Hill in the Handeni district of Tanzania.
Douglas Lake recently completed a ground IP (Induced Polarization / Resistivity) and ground magnetic geophysical survey over an approximately 4 square kilometer surveyed grid directly east, south, and north of the Canaco Resources' Magambazi site. The survey was conducted on a North-South grid with lines spaced 100 meters apart. The ground based Dipole-Dipole/Pole Dipole Induced Polarization (IP) as well as Fixed Loop TDEM (Time-Domain Electro-Magnetic induction) and Ground Magnetic Surveys were conducted by Spectral Geophysics, a company with wide experience in Africa, whose previous clients include Barrick Gold in Tanzania, Rio Tinto in Botswana and BHP Billiton on Madagascar. Modeling and interpretation of the geophysical survey data was also performed by Spectral Geophysics.
"The generation of drill targets on our wholly owned property to the east of Magambazi Hill, the second of our currently twelve identified anomalous gold areas, is a significant step forward for Douglas Lake. Our team will continue to exert all our energies to maintain this momentum," says Dr. Reyno Scheepers, President of Exploration and Managing Director of DLM (Tanzania) Ltd.
Extensive chargeability and resistivity anomalies were revealed by the survey data. These geophysical anomalies are considered highly potential drill targets as they coincide with previously defined geochemical anomalies, trench soil data, as well as structural elements coinciding with mineralization as identified in the Handeni area. The combined strike length of the identified anomalous zones is approximately 3 kilometers, of which the longest continuous zone has a strike length of approximately 750 meters. These targets are currently being prioritized for the drilling program and drilling should commence on August 18th, 2011.
"The identification of several potential gold targets to the east of Magambazi Hill is very encouraging indeed. It reaffirms our strategy to focus our efforts in the Handeni area and we are looking forward to the commencement of this part of our drilling program," commented Dr. Boateng, CEO of Douglas Lake Minerals.
Douglas Lake utilizes strict international industry standard QA/QC protocol with respect to sampling and independent laboratory procedures. The planning, execution, and monitoring of the Company's quality control and quality assessment programs are under the supervision of Dr. R. Scheepers, a director of the Company, President of Exploration and Managing Director of Douglas Lake Tanzania and a Qualified Person as defined by Canadian National Instrument 43-101.